Alphabet Inc. (NASDAQ:GOOGL) is Aristides Capital LLC's 6th Largest Position

Aristides Capital LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 54,880 shares of the information services provider's stock after purchasing an additional 5,920 shares during the period. Alphabet makes up approximately 2.1% of Aristides Capital LLC's investment portfolio, making the stock its 6th largest position. Aristides Capital LLC's holdings in Alphabet were worth $10,389,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GOOGL. Ashburton Jersey Ltd increased its stake in Alphabet by 372.1% during the fourth quarter. Ashburton Jersey Ltd now owns 34,255 shares of the information services provider's stock worth $6,484,000 after purchasing an additional 26,999 shares during the period. Clarkston Capital Partners LLC lifted its holdings in Alphabet by 0.6% during the 4th quarter. Clarkston Capital Partners LLC now owns 167,810 shares of the information services provider's stock worth $31,767,000 after buying an additional 1,018 shares in the last quarter. Waterloo Capital L.P. boosted its position in Alphabet by 5.6% in the 4th quarter. Waterloo Capital L.P. now owns 19,627 shares of the information services provider's stock valued at $3,715,000 after buying an additional 1,041 shares during the period. Titleist Asset Management LLC grew its stake in shares of Alphabet by 0.8% in the fourth quarter. Titleist Asset Management LLC now owns 19,440 shares of the information services provider's stock worth $3,680,000 after acquiring an additional 160 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its position in shares of Alphabet by 0.3% during the fourth quarter. Peapack Gladstone Financial Corp now owns 835,342 shares of the information services provider's stock worth $158,131,000 after acquiring an additional 2,094 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

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Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 2,834 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the transaction, the chief accounting officer now directly owns 17,847 shares of the company's stock, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,497 shares of company stock valued at $20,837,150 over the last ninety days. Corporate insiders own 11.55% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. DA Davidson reduced their target price on shares of Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday. Mizuho dropped their target price on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Bank of America reaffirmed a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. DZ Bank downgraded Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target for the company. in a report on Thursday, February 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and an average price target of $204.72.

Alphabet Stock Down 1.9 %

Shares of NASDAQ GOOGL traded down $3.07 during trading on Tuesday, reaching $156.00. 17,462,183 shares of the stock were exchanged, compared to its average volume of 28,182,383. The business's 50-day moving average price is $167.87 and its 200 day moving average price is $176.28. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's payout ratio is currently 9.94%.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.